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description

Explains the construct of strategic compliance management (SCM) and asserts that managers and their firms can perform more effectively, that is, create or capture more value or better manage risk, when they comply with applicable laws, search for innovation opportunities created by regulation and deregulation, and proactively anticipate future regulation.

A rewritten version of an earlier note.

learning objective:

To help managers see how to prevent compliance failures, forestall more onerous business regulation, and convert regulatory constraints into opportunities for value creation and capture.